JSW Steel says Japan's JFE invests Rs 7,875 crore in JSW Kalinga, picks up 25% stake

JFE Steel Corporation has invested Rs 7,875 crore in JSW Kalinga Steel. This marks a 25% stake acquisition and joint control of the venture. JFE will acquire another 25% stake in the next tranche. This partnership aims to expand both companies' presence in India's steel sector. The deal involves JSW Sambalpur Steel Limited as well.